Autodesk (ADSK) Scheduled to Post Quarterly Earnings on Tuesday

Autodesk (NASDAQ:ADSK) is scheduled to be releasing its earnings data after the market closes on Tuesday, November 26th. Analysts expect Autodesk to post earnings of $2.11 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business posted $1.12 EPS. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts expect Autodesk to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Autodesk Stock Performance

Shares of ADSK opened at $321.27 on Friday. The firm has a market cap of $69.07 billion, a price-to-earnings ratio of 65.70, a price-to-earnings-growth ratio of 4.03 and a beta of 1.47. The company’s fifty day moving average is $286.44 and its 200-day moving average is $254.89. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. Autodesk has a 12 month low of $195.32 and a 12 month high of $321.90.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the sale, the director now directly owns 31,349 shares in the company, valued at $8,323,159.50. This trade represents a 1.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the sale, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,280 shares of company stock valued at $5,232,213. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ADSK shares. KeyCorp increased their price objective on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday. BMO Capital Markets increased their target price on Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a research note on Friday, August 30th. Hsbc Global Res raised Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Morgan Stanley lifted their price objective on Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Wells Fargo & Company lifted their price target on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $309.43.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.